Welcome to the course on Financial Planning for Life Events: Marriage, Children, and Beyond. This comprehensive program is designed to equip you with the knowledge and skills needed to effectively manage your finances through major life events. Financial literacy is a critical component of successful life planning, and this course will provide you with the tools and strategies necessary to navigate the financial aspects of marriage, raising children, and planning for the future.
In the first section of the course, we will explore the definition of financial literacy and the importance and benefits of developing financial literacy skills. We will then delve into the specifics of financial planning for life events, including the key components of preparing for marriage, planning for children, and managing finances beyond these milestones. Throughout the course, you will learn practical techniques for understanding and combining finances with your partner, discussing money matters openly and effectively, managing debt, tracking income and expenses, setting financial goals, and building a joint budget. Additionally, we will cover essential topics such as anticipating the costs of raising a child, childcare expenses, education planning and saving, and adjusting the family budget to accommodate the needs of growing children. As we progress, we will also explore advanced financial planning concepts, including retirement planning, investment strategies, estate planning, tax planning, and wealth management. By the end of the course, you will have a solid foundation in financial literacy and a clear roadmap for managing your finances through life's major milestones.